Republic Bank of New York in New York City, New York (NY)



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Republic Bank of New York
GeneralFDIC Certificate #: 19545
Status: Inactive
Closing history: Change in Primary Regulatory Agency
Acquiring institution: HSBC Bank USA (#589)
Federal Reserve ID: 31415
Date Established: January 25, 1966
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 89 (Interstate: No)
FDIC's unique #: 13345
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 25, 1966
Last Structure Change Effective Date: December 31, 1999
Last Structure Change Process Date: Febuary 16, 2000
Last Data Update: Febuary 16, 2000
Data Source Date: April 05, 2012
LocationAddress: 452 Fifth Avenue, New York City, NY 10018
County: New York
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: New York City
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): New York, NY (#5600)
Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
History of ChangesMerger - Without Assistance
Corrections
Name Change
Change in Primary Regulatory Agency
Financial SummaryTotal assets: $49,190.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1998)
(Dollar figures in thousands)
Total employees (full-time equivalent)4,579
Total assets$46,460,476
Cash and due from depository institutions$5,236,239
Interest-bearing balances$4,243,828
Securities$21,442,522
Federal funds sold & reverse repurchase agreements$689,212
Net loans & leases$12,269,711
Loan loss allowance $267,585
Trading account assets$4,153,840
Bank premises and fixed assets$429,838
Other real estate owned$8,616
Goodwill and other intangibles$304,799
All other assets$1,925,699
Life insurance assets$0
Total liabilities and capital$46,460,476
Total liabilities$43,339,694
Total deposits$33,532,670
Interest-bearing deposits$30,606,125
Deposits held in domestic offices$13,396,089
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $2,184,453
Trading liabilities$3,178,621
Other borrowed funds $2,503,705
Subordinated debt $950,000
All other liabilities $990,245
Total equity capital$3,120,782
Total bank equity capital$3,120,782
Perpetual preferred stock$3,120,782
Common stock$0
Surplus$400,000
Undivided profits $1,635,045
Memoranda
Noncurrent loans and leases $1,085,737
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $97,581
Long-term assets (5+ years) $1,364
Average Assets, year-to-date $91,116
Average Assets, quarterly $40,378,299
Volatile liabilities $17,807,884
Insider loans $49,255,096
FHLB advances $46,183,804
Loans and leases held for sale $26,623,704
Unused loan commitments $3,523
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $6,788,154
Restructured Loans and leases $0
Derivatives$23,704,982
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Income and Expense (December 31, 1998)
(Dollar figures in thousands)
Total interest income $2,940,399
Total interest expense $1,959,342
Net interest income $981,057
Provision for loan and lease losses $4,254
Total noninterest income $450,806
Fiduciary activities $11,320
Service charges on deposit accounts $32,265
Trading account gains & fees $137,486
Additional noninterest income $269,735
Total noninterest expense $856,998
Salaries and employee benefits $369,944
Premises and equipment expense $92,016
Additional noninterest expense $395,038
Pre-tax net operating income $570,611
Securities gains (losses) -$158,705
Applicable income taxes $121,070
Income before extraordinary items $290,836
Extraordinary gains - net -$8,437
Net income attributable to bank $282,399
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $37,971
Net operating income $200,000
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Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.97%
Cost of funding earning assets 4.65%
Net interest margin 2.33%
Noninterest income to earning assets 1.07%
Noninterest expense to earning assets 2.03%
Net operating income to assets 0.82%
Return on assets (ROA) 0.57%
Pretax return on assets 0.82%
Return on equity (ROE) 8.74%
Retained earnings to average equity (YTD only) 2.55%
Net charge-offs to loans 0.31%
Credit loss provision to net charge-offs 9.32%
Efficiency ratio15.14%
Assets per employee$57,949
Cash dividends to net income (YTD only)10.15%
Condition Ratios (%)
Loss allowance to loans 70.82%
Loss allowance to noncurrent loans 2.13%
Noncurrent assets plus other real estate owned to assets 274.22%
Noncurrent loans to loans 0.24%
Net loans and leases to deposits0.78%
Net loans and leases to core deposits 36.59%
Equity capital to assets 100.62%
Core capital (leverage) ratio 6.72%
Tier 1 risk-based capital ratio 6.74%
Total risk-based capital ratio 13.04%
Memoranda
Average assets$18
Average earning assets$49,255,096
Average equity $3,231,589
Average loans $42,169,429
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